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emissions trading. World economic impacts are investigated by a world general equilibrium model including 11 international …
Persistent link: https://www.econbiz.de/10011608565
The Kyoto Protocol incorporates emissions trading, joint implementation and the clean development mechanism to help Annex I countries to meet their Kyoto targets at a lower overall cost. This paper aims to estimate the size of the potential market for all three flexibility mechanisms under the...
Persistent link: https://www.econbiz.de/10011608572
legal protection of creditors reduces the scope of bank finance, forcing Governments to look for funds abroad. …
Persistent link: https://www.econbiz.de/10011608587
This paper examines the overall economics of the Kyoto Protocol on climate change, in three main parts. The first part explores the structure of the Protocol and how this matches against classical economic criteria of an 'optimal' climate change agreement. This discussion also considers the...
Persistent link: https://www.econbiz.de/10011608594
ratification process as well as with the effective implementation of the Kyoto Protocol around the world. In the second part of the …
Persistent link: https://www.econbiz.de/10011608601
When dealing with multiple greenhouse gases, we need some way to establish equivalence among gases. The Intergovernmental Panel on Climate Change (IPCC) has suggested the use of global warming potentials (GWPs) for making such trade-offs. We begin by examining the implications of such an...
Persistent link: https://www.econbiz.de/10011608608
We explore the effects of environmental taxes that imprecisely target pollution. A review of actual policies indicates few (if any) examples of a true tax on pollution. More typically, environmental taxes target an input or output that is correlated with pollution. We construct a simple...
Persistent link: https://www.econbiz.de/10011608610
This study has two objectives: to estimate the impact of share issue privatisations on the growth of world capital … role of commercial banks, in corporate financial systems around the world. We then show that privatisation programmes have … world as a whole, as well as for most major country groupings. (2) During that same time period, stock market capitalisation …
Persistent link: https://www.econbiz.de/10011608617
The Kyoto Protocol stipulates that industrialised countries and countries with economies in transition, i.e. the group of Annex I countries, shall reduce their overall emissions of carbon dioxide and other five greenhouse gases by at least 5 % as compared to their 1990 emission levels. This...
Persistent link: https://www.econbiz.de/10011608624
paper analyses whether there are the conditions for an agreement on climate change to be signed by all or almost all world …
Persistent link: https://www.econbiz.de/10011608625